Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname
22 Pages Posted: 1 Aug 2014
Date Written: July 2014
This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the fiscal position, and then assesses the fiscal sustainability gap in that context. It then presents models to address the question of the optimal path of fiscal consolidation given the outlook for natural resource wealth, macroeconomic conditions, and country authority preferences.
Keywords: Fiscal consolidation, Suriname, Natural resources, Mineral products, Fiscal position, Fiscal sustainability, Econometric models, Natural Resource Wealth, Optimal Fiscal Consolidation, Fiscal Targets, mineral, fiscal tightening, budget constraint, fiscal multiplier, fiscal revenues, fiscal measures, fiscal adjustment, fiscal policy, fiscal deficit, fiscal policies, fiscal stance, public debt, structural fiscal, fiscal target, government revenue, fiscal balance, public spending, food prices, fiscally sustainable, fiscal expenditure, fiscal balances, public expenditures, fiscal income, tax rates, fiscal outcome, fiscal positions, cyclical fiscal policies, fiscal impact, fiscal loosening, fiscal
JEL Classification: E62, H68, Q32
Suggested Citation: Suggested Citation